It's unclear how widespread this feeling is.

‘We’re Really Afraid’ Hurricane Eta Slams Nicaragua – South Florida Next? The state-owned China Ocean Shipping Co. now effectively controls the port authority in Piraeus, Greece, but Greek officials have tried to retain some oversight. It's deep enough for big ships.

Invested in 18.41% stake in Qingdao Port International Co., Ltd. Changed company name to COSCO SHIPPING Ports Ltd after a major corporate restructure. Bekris managed to organize the temporary workers into an informal union and to secure a short break (20 minutes) and safety measures. Joanna Kakissis/NPR This all raises a slew of questions about issues ranging from military defense to labor conditions. Today, about 20 million passengers go through Piraeus each year. READ MORE >> Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 October 2020. Is everything going to be run as a Chinese terminal?". The group's core businesses are marine transportationand stevedoring. ", David Liu, the COSCO chief executive at the Zeebrugge port, has retained local managers at the terminal. Since the Greek financial crisis, Beijing and Athens have deepened their links.

Press Releases 2020 . During a visit to Athens earlier this week, Xi said: "We want to strengthen Piraeus' transshipment role and further boost the throughput capacity of China's fast sea-land link with Europe," according to Reuters. Besides the new container terminal and the shopping mall, the investments it calls for include a new cruise ship terminal, warehouses and other logistics facilities, four hotels, maintenance and improvement of existing facilities and equipment, including in the ship repair zone, and acquisition of new equipment, including eco-friendly buses.

He shrugs off China's politics. Giorgos Nouchoutidis, shown at home with wife Maria, worked at the port of Piraeus for decades before retiring in 2010.

In 2008 COSCO Pacific was crowned In-House of the Year - Shipping In-House Team of the Year at the 2008 ALB Hong Kong Law Awards.

Greek port’s COSCO owners resubmit investment plan. Why Does Gov. But this is about more than just moving cargo, analysts say. "I mean, does the U.S. vote against its interests at the U.N.? ", Debart and other managers have taken communication classes to improve business meetings with the Chinese. "We didn't have machines back then. Is China setting up Caribbean ports for economic blackmail? "People could see a future again. The Obama administration had no problems with OOCL signing a 40-year lease with the City of Long Beach in 2012 for control of America's second largest and most automated container handling operation. Chinese President Xi Jinping and Greece's Prime Minister Kyriakos Mitsotakis announced earlier this week that Cosco would be investing about 600 million euros ($660 million) to develop Piraeus further. In 2003 the port had its IPO, after which the Port was Majority owned by the Greek State (74.5%), while the rest was held by investors. Greater China Terminals Overseas Terminals. 62 crew abandon ship, Canada’s once proud, listing “Love Boat” to finally be removed, VIDEO: Eerie drone footage of abandoned “ghost ships” off Virginia coast, Maritime Image of the Day: The Mars Shipwreck (1564), Polish divers hope Nazi shipwreck holds key to Amber Room treasure, Collision with a submarine?

Simoens tries to explain their reticence.

"We need to do much, much more.". In September 2017, European Commission President Jean-Claude Juncker proposed new investment screening measures for foreign state-owned companies that want "to purchase a European harbor, part of our energy infrastructure or a defense technology firm.". There are always misunderstandings, problems that demand new solutions. COSCO SHIPPING Ports Ltd., headquartered in Hong Kong, is a subsidiary and listed company of China COSCO owned by COSCO Group. The port’s management forecasts that total traffic will be 5.5 to 5.6 million TEUs in 2019. In 2016, China's shipping firm Cosco purchased a majority stake in Piraeus port.

"This is the new, open COSCO," he says. About 1,700 people are employed at the Piraeus container terminals, many working for 16 days a month, without benefits or job security, says Giorgos Gogos, general secretary of the port workers' union. ", Another dockworker, Markos Bekris, says the situation was much worse in 2012, when he started working at the port.

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Since COSCO's takeover, it has become the fastest-growing port in the world, according to the industry news outlet Seatrade Maritime.



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